This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $74,634 initial cash invested.
-14.26%
Cash On Cash
3.43%
Cap Rate
0.56
DSCR
$1,631
Rent
-$887
Cashflow
Cash Flow
$1,631 income − $2,518 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,634
Downpayment
20%
$71,080
Closing costs
1%
$3,554
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,631
Total Expenses
$2,518
Mortgage P&I
112%
$1,822
Property Taxes
8%
$131
Home Insurance
9%
$140
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0